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NewlChina

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NewlChina

Re: Top Penny post# 34232

Tuesday, 06/27/2017 4:59:07 PM

Tuesday, June 27, 2017 4:59:07 PM

Post# of 34668
NASDAQ did probe them and immediately booted them when they looked at how they ran their operations.

As part of the $6.2m court fight, TransAsia used a subpoena to obtain the June letter from Nasdaq, which was not made public until now, explaining why NewLead was to be delisted from the exchange.

In the letter, Nasdaq’s senior director for listing qualifications, Stanley Higgins, wrote that NewLead’s disclosure practice “harms current and prospective investors, depriving them of information required to make meaningful and informed investment decisions, and also impugns the integrity of the market to the detriment of all market participants”.



http://www.tradewindsnews.com/weekly/357287/allegations-from-nasdaq-shine-new-light-on-newlead-delisting
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